Housing & Real Estate — Lake Elmo, Minnesota
Overview
| Total Housing Units | 4,747 |
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| Occupied | 4,575 |
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| Vacant | 172 |
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| Owner-Occupied | 4,224 |
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| Renter-Occupied | 351 |
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| Median Home Value (Census) | $597,000 |
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| Estimated 2026 | ~$617,000 |
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| Median Rent | $2,204/mo |
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| Median Property Tax | $4,841/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | moderate |
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| Rent as % of Income | 17.2% |
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| Severely Rent-Burdened | 78.7% |
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Housing Age
| Built 2010 or later | 2,064 |
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| Built 2000-2009 | 613 |
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| Built 1990-1999 | 678 |
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| Built before 1960 | 418 |
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| Median Year Built | 1998 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
